News

US: Lehman Brothers files for bankruptcy

Most popular

Remy Cointreau Performance Trends 2016-2020

Campari and Cuervo - The next big spirits buy?

just-drinks meets Stoli Group CEO Hugues Pietrini

White spirits trying to ride hard seltzer craze

Spirits gift boxes will not be missed - comment

MORE

Lehman Brothers, the fourth largest US investment house and adviser to several drinks companies, has collapsed into bankruptcy.

Lehman Brothers Holdings said today (15 September) that it has filed for bankruptcy in the US, following multi-billion dollar losses and failure to secure a buyer for its business.  

The fall of Lehman has threatened to rock financial markets, with some observers calling this weekend the worst period for Wall Street since the famous stock market crash of 1929.

Lehman has acted as either a broker or adviser to several drinks firms, including Diageo, SPI Group and Carlsberg.

The group sought to reassure customers that none of its broker-dealer subsidiaries were involved in the bankruptcy filing. It would continue to seek a sale for its Investment Management Division, while its Asset Management arm would conduct "business as usual", it added.

Customers, it said, "may continue to trade or take other actions with respect to their accounts".


Related Content

"We are open for business" - Death's Door marketing director...

Why Carlsberg's time is now, why Q3 is set fair for drinks and why spirits should learn from Neil Woodford - The just-drinks Analyst

Why Carlsberg's time is now, why Q3 is set fair for drinks and why spirits should learn from Neil Wo...

What does the return of big soft drinks brands mean for health & wellness? - comment

What does the return of big soft drinks brands mean for health & wellness? - comment...

"Wine has been inherently conservative for a very long time" - just-drinks speaks to Kingsland Drink...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?